Maintenance of books of accounts under income tax act
This query is : Resolved
02 March 2014
I am doing typing work (like job typing, typing sale deed documents) as my self employed work and my earning is less than 1,35,000/-.
There is no brand name for my work as I am doing this work in my house itself.
In this case, is it mandatory for me to maintain books of account under Section 44AA for the previous year.
Kindly guide me on Section 44AA(2). Whether it applies to me?
There is no brand name for my work as I am doing this work in my house itself.
In this case, is it mandatory for me to maintain books of account under Section 44AA for the previous year.
Kindly guide me on Section 44AA(2). Whether it applies to me?
02 March 2014
application of 44AA(2) :
income >1,20,000 or Turnover/Gross receipt >10,00,000
income >1,20,000 or Turnover/Gross receipt >10,00,000
02 March 2014
sir if you total receipts are less than Rs 10 lakhs and income is less than Rs 1.2 lakhs, then you are not required to maintain books.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- REGARDING ACCOUNTING CODE FOR SERVICE TAX PAYMENT
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
